IDEAS home Printed from https://ideas.repec.org/h/prp/micp17/405-416.html
   My bibliography  Save this book chapter

Impact of EU Investment Programs on the Ukrainian Market

Author

Listed:
  • Andrei-Viorel Tatar

    (University of Babes-Bolyai, Faculty of Economics and Business Administration, Romania)

  • Ioan Chirila

    (University of Babes-Bolyai, Faculty of Economics and Business Administration, Romania)

Abstract

Entrepreneurship is the pillar of modern economics it is one of the most important indicators of both a free market and a functional democracy. Both of which allow and lead to the growth of a country and to further development of the region. They allow for collaboration and implicit growth of any and all involved partners. When it comes to Eastern Europe the novelty of both these concepts has been made apparent in the years since the collapse of the USSR. By integrating these countries in the mechanism that is the European Union (EU) most of them have grown and flourished. The continuous instability of Eastern Europe and in our case Ukraine has led to a reaction from its western neighbor the EU. Certain members of the EU have created a specific mechanism for former USSR republics, called the Eastern Partnership (EaP). EaP has different components that aim to stabilize the current economic and political climates. The aim of this paper is to analyze the economic measures provided by the EU and specifically designed for SME’s in Ukraine. Methodologically we are using qualitative data to show the impact this program had in the Ukrainian economy. Further, by assessing GDP based indicators as well as Foreign Direct Investments (FDI) which derives from Eastern Partnership financial instruments, we are able to quantify the economic performance of Ukraine during the past ten years (2006-2016). In addition to the data mentioned above we are looking at SME centric data such as the number of active enterprises on the Ukrainian market and their share within it. All this leads to a comprehensive image of the development of the Ukrainian economy, specifically the impact on SME’s. Furthermore, we can assess the impact foreign investments in particular EU aids/funds/programs have had on SME’s compared to the more traditional and readily available internal funding sources. The main finding of this paper is that with all the help and funding programs and most of the EU aids that have been implemented and brought over to Ukraine very little was achieved in the way of progress. The country has not yet recovered from the loss it sustained after it broke all ties with Russia.

Suggested Citation

  • Andrei-Viorel Tatar & Ioan Chirila, 2017. "Impact of EU Investment Programs on the Ukrainian Market," MIC 2017: Managing the Global Economy; Proceedings of the Joint International Conference, Monastier di Treviso, Italy, 24–27 May 2017,, University of Primorska Press.
  • Handle: RePEc:prp:micp17:405-416
    as

    Download full text from publisher

    File URL: http://www.hippocampus.si/ISBN/978-961-7023-71-8/39.pdf
    File Function: full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. International Monetary Fund, 2015. "Ukraine: Request for Extended Arrangement Under the Extended Fund Facility and Cancellation of Stand-By Arrangement," IMF Staff Country Reports 2015/069, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Barisitz, Stephan & Fungáčová, Zuzana, 2015. "Ukraine: Struggling banking sector and substantial political and economic uncertainty," BOFIT Policy Briefs 3/2015, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. Antonio Bassanetti & Carlo Cottarelli & Andrea F Presbitero, 2019. "Lost and found: market access and public debt dynamics," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 445-471.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prp:micp17:405-416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alen Jezovnik (email available below). General contact details of provider: http://www.hippocampus.si .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.